NYSE:BFLY

Butterfly Network - BFLY Stock Forecast, Price & News

$5.13

+0.22 (+4.48%)

(As of 10/6/2022 09:45 AM ET)

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Today's Range: $4.91
▼
$5.15
50-Day Range: $4.54
▼
$8.65
52-Week Range: $2.31
▼
$11.53

Volume: 4,210 shs
Average Volume: 2.26 million shs
Market Capitalization: $1.02 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Butterfly Network MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 55.3% Upside
$7.63 Price Target
Short Interest: Bearish
17.03% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.40
Based on 10 Articles This Week
Insider Trading: Selling Shares
$142,539 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.89) to ($0.93) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.77 out of 5 stars

Medical Sector

912th out of 1,072 stocks

X - Ray Apparatus & Tubes Industry

2nd out of 2 stocks

3.3

Analyst's Opinion

Consensus Rating
Butterfly Network has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.63, Butterfly Network has a forecasted upside of 55.3% from its current price of $4.91.
Amount of Analyst Coverage
Butterfly Network has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
17.03% of the float of Butterfly Network has been sold short.
Short Interest Ratio / Days to Cover
Butterfly Network has a short interest ratio ("days to cover") of 8.9.
Change versus previous month
Short interest in Butterfly Network has recently increased by 9.39%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Butterfly Network does not currently pay a dividend.
Dividend Growth
Butterfly Network does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BFLY.

1.9

News and Social Media Coverage

News Sentiment
Butterfly Network has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Butterfly Network this week, compared to 2 articles on an average week.
Search Interest
Only 21 people have searched for BFLY on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
MarketBeat Follows
Only 22 people have added Butterfly Network to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Butterfly Network insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $142,539.00 in company stock.
Percentage Held by Insiders
42.11% of the stock of Butterfly Network is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
49.29% of the stock of Butterfly Network is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Butterfly Network are expected to decrease in the coming year, from ($0.89) to ($0.93) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Butterfly Network is -8.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Butterfly Network is -8.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Butterfly Network has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Butterfly Network (NYSE:BFLY) Stock

Butterfly Network, Inc., a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions, to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as clinical support and services. Butterfly Network, Inc. was incorporated in 2011 and is headquartered in Guilford, Connecticut.

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BFLY Stock News Headlines

October 6, 2022 | americanbankingnews.com

Butterfly Network (NYSE:BFLY) Trading 11.2% Higher

October 5, 2022 | americanbankingnews.com

Andrei G. Stoica Sells 4,776 Shares of Butterfly Network, Inc. (NYSE:BFLY) Stock

October 6, 2022 | Investing Trends (Ad)

"The Most Critical Metal for Global Economies"

The soaring demand for this "red rock" may be the most important development in 2022. It's key in the transition to the new green energy economies. Bloomberg News warns… "Within a decade, the world may face a massive shortfall of what's arguably the most critical metal for global economies." Copper prices have nearly doubled in the past year.

September 29, 2022 | finance.yahoo.com

Butterfly Network Launches Proficiency Management Solution at American College of Emergency Physicians Scientific Assembly 2022

September 21, 2022 | seekingalpha.com

BFLY Butterfly Network, Inc.

September 20, 2022 | abcnews.go.com

Mariah Carey talks 25th anniversary of 'Butterfly,' credits Prince for its release

September 20, 2022 | finance.yahoo.com

Butterfly Network Distributes 500 Butterfly iQ+ Devices to Healthcare Workers in Kenya to Transform Maternal and Fetal Health

September 19, 2022 | seekingalpha.com

Butterfly Network: Bill Gates-Backed With A $12 Billion TAM

October 6, 2022 | Investing Trends (Ad)

"The Most Critical Metal for Global Economies"

September 17, 2022 | investing.com

Butterfly Network, Inc (BFLY)

August 23, 2022 | nasdaq.com

First Week of BFLY April 2023 Options Trading

August 16, 2022 | finance.yahoo.com

Here's Why We're Not Too Worried About Butterfly Network's (NYSE:BFLY) Cash Burn Situation

August 12, 2022 | finance.yahoo.com

Has AVEO Pharmaceuticals (AVEO) Outpaced Other Medical Stocks This Year?

August 12, 2022 | nasdaq.com

Butterfly Network Inc - Class A Shares Close the Day 28.7% Higher - Daily Wrap

August 10, 2022 | nasdaq.com

Butterfly Network Inc - Class A Shares Close the Day 14.2% Higher - Daily Wrap

August 8, 2022 | finance.yahoo.com

Butterfly Files Motion to Dismiss Claims in FUJIFILM Sonosite Legal Action

August 4, 2022 | msn.com

Butterfly Network: Q2 Earnings Insights

August 3, 2022 | seekingalpha.com

Butterfly Network, Inc. (BFLY) CEO Todd Fruchterman on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | finance.yahoo.com

Butterfly Network Reports Second Quarter 2022 Financial Results

August 3, 2022 | finance.yahoo.com

Butterfly Network Reports Second Quarter 2022 Financial Results

July 21, 2022 | tmcnet.com

Butterfly Network, Inc. to Report Second Quarter 2022

July 21, 2022 | finance.yahoo.com

Butterfly Network, Inc. to Report Second Quarter 2022 Financial Results on August 3, 2022

July 20, 2022 | finance.yahoo.com

Strong week for Butterfly Network (NYSE:BFLY) shareholders doesn't alleviate pain of one-year loss

July 12, 2022 | seekingalpha.com

Butterfly Network: Not The Time To Buy

May 27, 2022 | ca.finance.yahoo.com

Butterfly Network, Inc. (BFLY)

May 24, 2022 | finance.yahoo.com

Medical University of South Carolina joins forces with Butterfly Network to transform patient care, health education, and medical research

May 13, 2022 | finance.yahoo.com

How Much Of Butterfly Network, Inc. (NYSE:BFLY) Do Insiders Own?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BFLY Company Calendar

Last Earnings: 8/03/2022
Today: 10/06/2022
Next Earnings (Estimated): 11/21/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: X - ray apparatus & tubes
Sub-Industry: N/A
Sector: Medical
Current Symbol: NYSE:BFLY
CUSIP: N/A
CIK: 1804176
Web: www.butterflynetwork.com
Phone: 203 689 5650
Fax: N/A
Employees: 463
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.63
High Stock Price Forecast: $9.50
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +36.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-32,410,000.00
Net Margins: -159.44%
Pretax Margin: -159.32%
Return on Equity: -25.69%
Return on Assets: -19.97%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.84
Quick Ratio: 5.79

Sales & Book Value

Annual Sales: $62.56 million
Price / Sales: 16.36
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.26 per share
Price / Book: 2.27

Miscellaneous

Outstanding Shares: 199,540,000
Free Float: 115,515,000
Market Cap: $1.02 billion
Optionable: Optionable
Beta: 2.02

Key Executives

Dr. Jonathan M. Rothberg M.D. (Age 58)
Founder & Chairman
Comp: $55.35k

Dr. Todd M. Fruchterman M.D. (Age 52)
Ph.D., Pres, CEO & Director
Comp: $5.27M

Dr. Andrei G. Stoica Ph.D. (Age 49)
Chief Technology Officer
Comp: $1.32M

Mr. Darius Shahida (Age 30)
Chief Strategy Officer & Chief Bus. Devel. Officer
Comp: $1.63M

Ms. Stacey Pugh (Age 49)
Chief Commercial Officer
Comp: $1.07M

Ms. Heather C. Getz CPA (Age 47)
M.B.A., Exec. VP & CFO

Mr. David H. Ramsey (Age 52)
Chief Information Officer

Mr. Larry Weiss
Chief Legal Officer & Corp. Sec.

Ms. Tamara Dillon
Chief People Officer

Dr. John Martin F.A.C.S. (Age 63)
M.B.A., M.D., Chief Medical Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BFLY Stock - Frequently Asked Questions

Should I buy or sell Butterfly Network stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Butterfly Network in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BFLY shares.
View BFLY analyst ratings or view top-rated stocks.
What is Butterfly Network's stock price forecast for 2022?: 2 analysts have issued 12-month price targets for Butterfly Network's shares. Their BFLY share price forecasts range from $7.00 to $9.50. On average, they predict the company's share price to reach $7.63 in the next twelve months. This suggests a possible upside of 55.3% from the stock's current price.
View analysts price targets for BFLY or view top-rated stocks among Wall Street analysts.
How have BFLY shares performed in 2022?: Butterfly Network's stock was trading at $6.69 at the beginning of the year. Since then, BFLY stock has decreased by 26.6% and is now trading at $4.91.
View the best growth stocks for 2022 here.
Are investors shorting Butterfly Network?: Butterfly Network saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 24,220,000 shares, an increase of 9.4% from the August 31st total of 22,140,000 shares. Based on an average trading volume of 2,710,000 shares, the short-interest ratio is currently 8.9 days. Currently, 17.0% of the shares of the stock are sold short.
View Butterfly Network's Short Interest.
When is Butterfly Network's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
View our BFLY earnings forecast.
How were Butterfly Network's earnings last quarter?: Butterfly Network, Inc. (NYSE:BFLY) issued its quarterly earnings data on Wednesday, August, 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.09. The company had revenue of $19.22 million for the quarter. Butterfly Network had a negative net margin of 159.44% and a negative trailing twelve-month return on equity of 25.69%. During the same period last year, the firm posted ($0.19) EPS.

What guidance has Butterfly Network issued on next quarter's earnings?: Butterfly Network issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $83.00 million-$88.00 million, compared to the consensus revenue estimate of $83.00 million.
What is Butterfly Network's stock symbol?: Butterfly Network trades on the New York Stock Exchange (NYSE) under the ticker symbol "BFLY."
How do I buy shares of Butterfly Network?: Shares of BFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Butterfly Network's stock price today?: One share of BFLY stock can currently be purchased for approximately $4.91.
How much money does Butterfly Network make?: Butterfly Network (NYSE:BFLY) has a market capitalization of $979.74 million and generates $62.56 million in revenue each year. The company earns $-32,410,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.
How many employees does Butterfly Network have?: The company employs 463 workers across the globe.
How can I contact Butterfly Network?: Butterfly Network's mailing address is 530 OLD WHITFIELD STREET, GUILFORD CT, 06437. The official website for the company is www.butterflynetwork.com. The company can be reached via phone at 203 689 5650 or via email at investors@butterflynetwork.com.

This page (NYSE:BFLY) was last updated on 10/6/2022 by MarketBeat.com Staff

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Butterfly Network - BFLY Stock Forecast, Price & News

Butterfly Network MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows